Sec. 6. Bonds for a project: (1) may be issued by the board of trustees in the denomination and with the maturities; and (2) must bear the rate of interest, payable semiannually; as the board of trustees may fix and determine. However, the bonds may not be sold for less than par. [Pre-2007 Higher Education Recodification Citation: 20-12-53-1(a) part.]
‹ Prev All Indiana sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.